Breaking: Binance CEO “CZ” Blasts Kevin O’Leary For Defending SBF
Binance CEO Changpeng “CZ” Zhao on Friday strongly criticized Shark Tank fame Kevin O’Leary for defending former FTX CEO Sam Bankman-Fried. He says Kevin O’Leary losing $15 million that FTX paid to him for being a spokesperson have changed his thinking about crypto. It also made him defend and support a fraudster that misappropriate customer funds.
FTX Drama Goes On: SBF and Zhu Su Trade Blows Over Alleged Media Control
Zhu Su – one of the co-founders of the collapsed cryptocurrency hedge fund Three Arrows Capital – is firing shots at Sam Bankman-Fried over alleged media influence, control, and deflection of hard questions.
SBF Lawyers Fails To Retort Testimony Call; What’s Next?
Sam Bankman-Fried (SBF), former CEO of collapsed FTX crypto exchange is maintaining its media presence amid the mounting legal troubles. Earlier, SBF announced that he is willing to testify in front of the key US Senate committee over the FTX crash. Meanwhile, reports suggest that his lawyers have failed to respond to the hearing request.
Kevin O'Leary Lost the $15M he was Paid to be FTX's Sokesperson
Shark Tank star and investor Kevin O’Leary, known in some circles as Mr. Wonderful, has claimed he has all but lost the $15 million FTX paid him to be its official spokesperson. Speaking at CNBC’s Squawk Box on Dec. 8, O’Leary outlined that after taxes, agents fees, a $1 equity investment into FTX, and buying a whole lot of crypto that's now stuck on the FTX exchange, he's got nothing left to show for his time with FTX. (Cointelegraph)
Kevin O'Leary Reveals FTX Paid Him $15 Million to Become a Spokesperson for the Exchange
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that the collapsed crypto exchange FTX paid him about $15 million to become its spokesperson. “I put about $9.7 million into crypto. I think that’s what I lost. I don’t know. It’s all at zero,” O’Leary said. (Bitcoin.com)
Sam Bankman-Fried Misses Deadline to Respond to Testimony Request, now What?
The former FTX CEO missed a Thursday 5pm ET on Dec. 8, deadline for responding to a Senate Banking Committee request that he testify at the Committee meeting on Dec. 14. This has set up the possibility of a congressional subpoena. On Dec. 8, the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, and ranking member of the Committee Senator Pat Toomey released a statement on the request. (Cointelegraph)
Sam Bankman-Fried’s Parents Are No Longer Teaching Law at Stanford
Sam Bankman-Fried messed up a lot of lives when his crypto exchange FTX collapsed. He lost billions of dollars belonging to customers who deposited their savings with FTX, caused the bankruptcy of at least two other crypto firms, and left hundreds of his own employees jobless. Now, the damage appears to have spread to his parents, both of whom have been scrubbed from Stanford University Law School offerings next semester, where they were longtime and influential professors.
US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research
wo congressional hearings will be held next week on the collapse of cryptocurrency exchange FTX and U.S. lawmakers have asked former FTX CEO Sam Bankman-Fried (SBF) to testify. As the founder of FTX and Alameda Research, “you must answer for the failure of both entities that was caused, at least in part, by the clear misuse of client funds and wiped out billions of dollars owed to over a million creditors,” Senator Sherrod Brown told Bankman-Fried. (Bitcoin.com)
US Lawmakers Question Federal Regulators on Banks’ Ties to Crypto Firms
Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s collapse.
FEC Probe Demanded After SBF ‘Admitted’ to Making Dark Money Donations to Republicans
A watchdog group has demanded an investigation into Sam Bankman-Fried's political donations, claiming the former FTX CEO “admitted” to donating tens of millions to Republicans under the table in violation of federal law.
